by jreints | Aug 4, 2020 | IRS Codes
There’s been a lot of progress in the way people in the US think about cannabis and its uses. As of January 1, 2020, recreational use by adults is legal in 11 states and medical use is legal in 33 states. At the federal level, though, cannabis is still what’s...
by Harry Shurek | Apr 8, 2020 | Blog, IRS Codes
As you begin researching options for structuring your new cannabis business, you’ll likely notice that a lot of cannabis companies decide to become “C-corps.” That’s because a C-corp gives you more opportunities to separate your personal and business finances. State...
by Harry Shurek | Feb 21, 2020 | Blog, IRS Codes
As part of the cannabis industry, you’ve probably heard rumors about the end of IRS Section 280E. Plenty of people in the business have been expressing optimism or even certainty lately that the rule is on its way out. But before you start counting on that, get the...
by Harry Shurek | Dec 11, 2019 | Blog, IRS Codes
In the aftermath of the COVID-19 pandemic, more businesses than usual are expected to file for bankruptcy. Unfortunately for those in the cannabis industry, filing bankruptcy isn’t a possibility. Even so, this doesn’t mean you’re out of luck. What It Means...
by Harry Shurek | Apr 6, 2017 | IRS Codes
While everyone in the cannabis business is focused on Internal Revenue Service enforcement of IRS Code 280e, the Internal Revenue Service has found another weapon in their battle to squeeze as much money as possible out of businesses that operate in the cannabis...
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